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World Series of Poker's Colossus pulled in 22,374 entries
Tuesday June 02,2015 : POKER TOURNAMENT THE BIGGEST LIVE EVENT YET?
The World Series of Poker's Colossus pulled in 22,374 entries, but there are complaints about the flat prize structure.
The World Series of Poker can claim a player registration record for a single live tournament event following the final entry figures for the $565 buy-in Colossus NLHE event over the weekend, which reached 22,374, but the way in which the massive $11,187,000 prize pool will be distributed has caused dissent.
A growing number of players, mainly in the professional category, claim that the flat pay structure will pay the winner $638,880 - only 5.7 percent of the prize pool, and that it should be higher.
WSOP organisers have countered that by pointing out that the flatter structure gives more players - 2,241 of them - an opportunity to cash a minimum of $1,096.
WSOP spokesman Seth Palansky said a lot of thought and experience went into the structure of Colossus, relying on a time-tested and player-approved 100-year-old formula called the Golden Ratio. It had been signed off by "hundreds of poker players" and included input from the Players Advisory Council, he said.
"This is the exact structure, we didn't gimmick it up or do anything for marketing or to make numbers look like they were up. We spit it in the computer and this is what the numbers should be according to this long-standing mathematical formula," he told Poker News.
Palansky drew attention to the fact that Colossus will pay triple the amount of people that have ever been paid in a WSOP event, and the winner still stands to earn 1,130 times the buy-in for the event, compared with last year's main event, when winner Martin Jacobson received 1,000 times his buy-in.
Whingeing aside, Colossus has delivered over two-and-a-half times the previous largest WSOP tournament participation, which was the 2006 Main Event...that pulled in 8,773 players.
When we went to press Monday morning just 506 players were still in action after Day 2.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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